Japanese funding and Bitcoin treasury firm Metaplanet’s securities arm, Metaplanet Securities, stablecoin issuer JPYC and tokenization infrastructure supplier Progmat are tying up on a joint examine on Bitcoin-backed digital credit score merchandise in Japan.
The examine entails utilizing BTC as collateral and a credit score enhancement software mixed with the Japanese yen-pegged JPY Coin (JPYC) stablecoin for settlement and funds, whereas safety tokens might be used to handle holder rights, Metaplanet stated Friday.
The joint examine will look at whether or not Bitcoin can be utilized as collateral or credit score enhancement for digital company bonds and different credit score devices, with 24/7 accessibility, settlement and every day curiosity accrual for holders, issued on the blockchain ledger. No product has been launched but as a part of the experiment.
The examine suggests Metaplanet is trying past its position as a Bitcoin treasury firm and testing how Bitcoin might be used as a productive steadiness sheet asset. The examine ties into Metaplanet’s Mission Nova, an initiative introduced earlier this yr, which seems to be to increase the enterprise right into a Bitcoin monetary companies ecosystem in Japan.
Cointelegraph contacted Metaplanet for touch upon whether or not the examine may lay the muse for future Bitcoin-backed digital credit score merchandise.
Digital credit score devices have been an vital a part of Technique’s playbook. The world’s largest company Bitcoin holder has relied on “digital credit score” devices such because the STRC most well-liked inventory as a main car for elevating capital to accumulate extra Bitcoin.
Discover of Graduation of a Joint Examine within the Digital Credit score Area Using Bitcoin, JPYC, and Safety Tokens. Supply: Metaplanet
Metaplanet is the world’s third-largest company Bitcoin holder on the time of writing, with 43,000 Bitcoin acquired for about $4.1 billion. The corporate acquired 2,823 Bitcoin through the second quarter of 2026 at a median worth of about $78,850 per coin.
Metaplanet goals for a extra “environment friendly” credit score market
Metaplanet stated the joint examine goals to discover the event of a “extra environment friendly and clear credit score marketplace for each issuers and traders.”
The examine will look at points in product design, proof-of-concept initiatives and the potential for future issuance, nevertheless it highlighted that nothing has been decided relating to issuance presently.
By means of Mission Nova, Metaplanet treats Bitcoin as “productive collateral on the steadiness sheet.” Metaplanet stated that the venture goals to ship “new yield merchandise and capital market entry to retail and institutional traders in Japan” to bridge standard securities markets and digital asset markets.
In June, Metaplanet introduced plans to accumulate Siiibo Securities and rename it Metaplanet Securities, as a part of its broader plans to develop Mission Nova.
In March, Metaplanet established a brand new enterprise agency, Metaplanet Ventures, to assist the Bitcoin ecosystem’s growth in Japan.
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Traders are already displaying demand for credit score merchandise tokenized on the blockchain.
Whole RWA worth, all-time chart. Supply: RWA.xyz
Wanting on the $33 billion tokenized real-world asset sector, asset-backed credit score was the third-largest sector price $2.3 billion, whereas tokenized company credit score was the fifth-largest with $1.76 billion in worth tokenized on the blockchain, information aggregator RWA.xyz reveals.
Journal: Technique sells $216M Bitcoin, Bollinger bullish on BTC: Hodler’s Digest, June 29-July 6, 2026